Management commentary at Arihant Conference:
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Doing 55 cr fundraise at 1540 now. Will be 150cr net worth after 55 cr find raise.
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15 to 17cr capex will double production capacity. Out of this 11 cr for land
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HLE is 3 times bigger than us. Years to come the gap will narrow down.
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Penetration of process equipment is very very less. Only top 100 companies are using and the bottom 900 are not using. As government regulations come, usage will increase.
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We are into niche where customers come to us with problems and we provide solutions.
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We are saying no to few companies to improve margin.20% EBITDA margin target for new sales
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World is going through capex cycle after 20 years and this will act as tailwind.
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Spherical dryer not picked up to expectations.
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Aramco subsidiary audited and approved us.
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Capacity doubled from Jan 2024 onwards
I was not able to write down everything and may have missed a few points, if someone else attended please add on.
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